Geithner to attend Bilderberg - Confirmed

Intrepid Bilderberg investigator and reporter Jim Tucker of the American Free Press confirms that U.S. Treasury Secretary Timothy Geithner will attend this yearâs Bilderberg meeting in Athens, Greece.

Geithnerâs presence will be in violation of the Logan Act, intended to prohibit American citizens without authority from interfering in relations between the United States and foreign governments. Congress established the Logan Act in 1799. The only Logan Act indictment occurred in 1803. It involved a Kentucky newspaper article that argued for the formation in the western United States of a separate nation allied to France. No prosecution followed.

Geithner now tries to CON smaller banks into the "financial grid takeover" plan.............

"Geithner says small banks can apply for bailout money"

Triangle Business Journal
May 13, 2009

U.S. Treasury Secretary Timothy Geithner said funds from the Troubled Asset Relief Program will now be available to small and privately owned banks, according to numerous media reports Wednesday.

Geithner, speaking at a meeting of community bankers Wednesday, said banks with assets of less than $500 million will be able to apply for the funds, which had previously been reserved for larger banks.

The US Treasuryâs effort to stabilise the banking system through the TARP programme is a hopelessly ill-conceived policy that enriches speculators at public expense, according to the buy-out firm supposed to be pioneering the joint public-private bank rescues.

âThe taxpayers ought to know that we are in effect receiving a subsidy. They put in 40pc of the money but get little of the equity upside,â said Mark Patterson, chairman of MatlinPatterson Advisers.

The comments are likely to infuriate Tim Geithner, the US Treasury Secretary, because MatlinPatterson took advantage of the TARPâs matching funds to buy Flagstar Bancorp in Michigan. His confession appears to validate concerns that the bail-out strategy is geared towards Wall Street.

Under the convoluted deal agreed earlier this year, MatlinPatterson has come to own 80pc of the shares while the US government has ended up with under 10pc.

Mr Patterson said the US Treasury is out of its depth and seems to be trying to put off drastic action by pretending that the banking system is still viable.

âItâs a sham. The banks are insolvent. The US government is trying to sedate the public because they are down to the last $100bn (Â£66bn) of the $700bn TARP funds. They think theyâre doing this for the greater good of society,â he said, speaking at the Qatar Global Investment Forum.

The Federal Reserve Act was legislated in 1913 to end recessions, panics and depression. Over that almost 100-year period they have been eminently no more successful then their predecessors. The Fed is a private corporation, which guides US monetary policy. Its staff is from Wall Street, banking, and transnational conglomerates and occasionally from academia. Of the 12 Federal Reserve banks the New York bank is the most powerful. The staffing of the Fed at the least is incestuous, because the member banks take part in the staffing, as they filter to the Fed what actions they should take. That is done by the FOMC, The Federal Open Market Committee. As a further example the recent stress test done by the Fed was done on many of their owners. Sadly the public is unaware of this and even business majors and those with business masters degrees do not know that the Fed is privately owned or what they actually do. For those of you who would like to get a better understanding read G. Edward Griffithâs, âCreature from Jekyll Islandâ and the secrets of the Federal Reserveâ by Eustace Mullins.